Wednesday, July 13, 2011

Three for the watchlist

Here are three stocks to watch out for today. I am looking for quick plays here as I don't want to hold either large long or short positions overnight in these news dominated markets.

TZOO - A cup and handle pattern in formation here. The range seems to be getting narrower, so expecting a big move up if the market cooperates.

PCYC -Well, the chart speaks for itself. In a strong uptrend. Can be bought even on a pullback.

IMGN - Had posted about this at 13.37 last week here. Has moved over 7% since and I hope some of you readers caught the move! Like it for day trade, but seems a tad overextended to take new swing positions here.

Take care and good luck!

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